Bumi Armada receives LOI for FPSO work offshore Angola

Offshore staff

KUALA LUMPUR, Malaysia – Oilfield services provider Bumi Armada Berhad has received a letter of intent from eni Angola SpA, a wholly owned subsidiary of eni SpA. Eni Angola has stated its intention to award a contract for the chartering, operation, and maintenance of an FPSO to a consortium of Bumi Armada Offshore Holdings Ltd. and Angoil Bumi JV Ltda. (an Angolan joint venture company of BAOHL, Angoil Exploracao Petrolifera SA, and Cosmarg Limitada) for deployment at block 15/06 in the East Hub offshore Angola.

The LOI authorizes Bumi Armada to start engineering and procurement work on the FPSO immediately. First oil is scheduled for end of October 2016. The contract has an indicative value of $2.9 billion (equivalent to RM9.5 billion).

This is the second time that eni has turned to Bumi Armada for an FPSO in West Africa, and this project is Bumi Armada’s first VLCC-tanker conversion. The Armada Ali will be used for conversion. The 15/06 FPSO will be delivered in 31 months, taking Bumi Armada’s FPSO fleet to eight.

04/01/2014

 

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...